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Jan 18, 2013
01/13
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can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial banks, a lot of different things going on in the sectors so you didn't even have people at the table who really had a sense of what was going on at the economy so i would feel much more comfortable if we take banking regulation and give it to the bank regulators because ultimately i think a lot of the bailouts were about the mistakes made the new york fed, mistakes made at the fed board and they were using bailouts to cover up their own mistakes. aig, all of these cdss were done because the bank approved of cds to create bank capital. they create that had mistake. we can argue wheth
can you not have a couple of people in one room who are going to get your economy right. you need to get the incentives right and need to have the information disbursed. let's talk about the bank regulation part first. i think a lot of what we saw was one a factor of who was on the fed. you had a bunch of academics as cramer mentioned earlier, didn't have that many people who knew about banking, a lot of information coming from wall street. investment banks look a lot different than commercial...
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Jan 17, 2013
01/13
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CNBC
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is it possible the economy is better than we think. ? >> anyone who has been looking at this for the past three to six months recognizes we're in a very stable, not particularly dramatic, not overly sexy but clearly not disastrous economy. that doesn't raise all sorts of celebratory bells but in a world where people's predisposition is to look for a crisis and assume the worse, consistent okay is a whole lot better. none of these numbers that we've been talking about this let's say five, ten years ago would have struck us as particularly robust. retail sales up half of a percent over the holiday for the month. good number. not an incredible number but a whole lot better than everyone saying oh, this is terrible. >> i think we have the inflation chart. let me put the cpi up. the cpi is falling if i'm not mistaken. for all the talk by the inflationistas of the federal reserve's monetary policy which i basically disagree take a look at that. inflation is one of our problems. quick question. one of the leaders of this market, banks. financia
is it possible the economy is better than we think. ? >> anyone who has been looking at this for the past three to six months recognizes we're in a very stable, not particularly dramatic, not overly sexy but clearly not disastrous economy. that doesn't raise all sorts of celebratory bells but in a world where people's predisposition is to look for a crisis and assume the worse, consistent okay is a whole lot better. none of these numbers that we've been talking about this let's say five,...
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Jan 20, 2013
01/13
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FBC
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sad world we live in, but people have to realize, these type of things have a negati impact on the economy. the senate that we can beat this debt the better it's going to be for everybody. gerri: last word. tell me, are drones enough to take care of this problem? >> the bottom line, but we have to learn is that we cannot afford billiard. terrorists love a vacuum, and wherever it develops kamal to leave, to pose a threat to the united states. next year it could be afghanistan. we have to be on guard. gerri: thank you for coming on. great job. you guys really explained it all. thank you. >> thanks. gerri: if you're fired up about this or any of the issues, a drop me an e-mail. >> coming up on "the willis report," unemployment is higher. could it be because he has gone awful year without meeting with his jobs council? we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teachesaid she has a crippling fear of being children, but is still being forced
sad world we live in, but people have to realize, these type of things have a negati impact on the economy. the senate that we can beat this debt the better it's going to be for everybody. gerri: last word. tell me, are drones enough to take care of this problem? >> the bottom line, but we have to learn is that we cannot afford billiard. terrorists love a vacuum, and wherever it develops kamal to leave, to pose a threat to the united states. next year it could be afghanistan. we have to...
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Jan 18, 2013
01/13
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KQEH
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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Jan 18, 2013
01/13
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economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond the housing, the economy has recently been showing other signs of strength. retail sales and manufacturing activity were surprisingly strong in december. today, we learned that jobless claims are at a five-year low. on top of that the stock market, often considered a leading indicator of the economy hit a five-year high today. we're not talking about any old high, it's the highest level for the s&p 500 since before the financial crisis. still, not all economists believe there's reason to celebrate, just yet. >> we've been looking for moderate g
economy still stuck in neutral? suzanne pratt reports. >> reporter: ann lenane has sold real estate in up and down markets, what she says about today's market might surprise you. >> the real estate market is hot. it is on fire. >> reporter: her read on real estate market makes sense given that home sales and new construction are recovering from their recent steep declines. and, some economists believe housing will replace manufacturing as a key growth driver this year. beyond...
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Jan 18, 2013
01/13
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WJZ
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economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generator
economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered...
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Jan 18, 2013
01/13
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FBC
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state and local level consumes one-third more of the economy in california and texas. said one-third of the nation beaufort one negative 11 negative welfare recipients are in california all there 1/8 of the population. everything. john: a percentage of households receiving public assistance is much higher in california and lower than average in texas. that means that you start the pork people. >> 42% lower cost of living in texas and california. u.s. census bureau has been criticized over 20 years for not taking into account the cost of living that different states with housing and food and clothing. john: there was the old poverty rate measure were texas lost 16 percent of the people in california were in poverty, of 17 percent in texas but now it includes the cost of living. >> and government benefits. with this new measure would week after the election news see the state with the highest poverty rate in the nation is california even higher than the district of columbia. that should be a warning to progressives who maintain the big government model is the path of to
state and local level consumes one-third more of the economy in california and texas. said one-third of the nation beaufort one negative 11 negative welfare recipients are in california all there 1/8 of the population. everything. john: a percentage of households receiving public assistance is much higher in california and lower than average in texas. that means that you start the pork people. >> 42% lower cost of living in texas and california. u.s. census bureau has been criticized over...
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Jan 18, 2013
01/13
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FBC
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state and local level consumes one-third more of the economy in california and texas. said one-third of the nation beaufort one negative 11 negative welfare recipients are in california all there 1/8 of the population. everything. john: a percentage of households receiving public assistance is much higher in california and lower than average in texas. that means that you start the pork people. >> 42% lower cost of living in texas and california. u.s. census bureau has been criticized over 20 years for not taking into account the cost of living that different states with housing and food and clothing. john: there was the old poverty rate measure were texas lost 16 percent of the people in california were in poverty, of 17 percent in texas but now it includes the cost of living. >> and government benefits. with this new measure would week after the election news see the state with the highest poverty rate in the nation is california even higher than the district of columbia. that should be a warning to progressives who maintain the big government model is the path of to
state and local level consumes one-third more of the economy in california and texas. said one-third of the nation beaufort one negative 11 negative welfare recipients are in california all there 1/8 of the population. everything. john: a percentage of households receiving public assistance is much higher in california and lower than average in texas. that means that you start the pork people. >> 42% lower cost of living in texas and california. u.s. census bureau has been criticized over...
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Jan 16, 2013
01/13
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FBC
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if thing so peach we this economy, -- peachy with this economy, why are millions of americans bursting their piggy banks just to get by? neil: 401(k) not okay, people are so tapped out, one in four are tapping in just to meet their basic expenses, that is up just in last 4 years. you know don, you were warning about this. even in go-go period. to tap what are supposed to be the funds for retirement. like a cash register. now, understand abily more so. why do our about it? >> when they started this, they were replacing a pension with a 401(k). and they assumed two things, first money would go in and stay there and second it would be run properly, neither one happened. it has na not been run properly, people have been taking the money out, estimates vary 80% of what supposed to be there. in problem is that people who are most likely to take it out are those at lower income level who will need the money when they retire more. neil: and they pay penalties and early withdrawel. the only argument for it, is what is worse, i'm borrowing for myself, and paying myself back? >> you can't pay you
if thing so peach we this economy, -- peachy with this economy, why are millions of americans bursting their piggy banks just to get by? neil: 401(k) not okay, people are so tapped out, one in four are tapping in just to meet their basic expenses, that is up just in last 4 years. you know don, you were warning about this. even in go-go period. to tap what are supposed to be the funds for retirement. like a cash register. now, understand abily more so. why do our about it? >> when they...
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Jan 23, 2013
01/13
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FBC
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not a lot of dispute that this would be good for the economy. gasoline prices may have been sliding, but they seem relatively high command others think of the pipeline as a way of addressing that. given all that i suspect the president will approve the pipeline, but i could be wrong. gerri: as you know, the governor of nebraska said it will change the root of the pipeline and make it go around and offered that supplies water to the state of nebraska and other folks. is this going to be enough to satisfy the greenies out there? will the environmentalist be happy? >> it won't satisfy the environmentalists because there have always been to arguments. the first is the potential impact on the offer. that has been addressed somewhat by this change in the pipelines course. not enough for the environmentalists. the second issue has not been addressed here, which is the impact on climate change. the argument in criminalists offer is reducing the crude oil shipping into the gulf coast means more greenhouse gases in the hemisphere. tar sands are very carbo
not a lot of dispute that this would be good for the economy. gasoline prices may have been sliding, but they seem relatively high command others think of the pipeline as a way of addressing that. given all that i suspect the president will approve the pipeline, but i could be wrong. gerri: as you know, the governor of nebraska said it will change the root of the pipeline and make it go around and offered that supplies water to the state of nebraska and other folks. is this going to be enough...
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Jan 17, 2013
01/13
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the economy is morrow less back on track. we think there would be more proactive fiscal policies to come action but most of those announcements will come likely in march. >> the new government has made several nods towards urbanization, so we've seen material stocks go higher. investors like to think of china in the growth sector. is that where you see some of the best opportunities at this point? >> we do see a lot of those sectors did run up after the urbanization push and all of the news media coverage around it. we see more details on the exact urbanization probably in march or april, but at this point i think there's numerous ways to go. the obvious interpretation is more infrastructure investment, but other than the, premier to be has been very focused on the social safety net issues as well, saying he needs to migrate more people into the urban areas. you need to provide better health care and better social housing, so don'tunder estimate what we might see. >> another long-term issue is basic manufacturing is starting
the economy is morrow less back on track. we think there would be more proactive fiscal policies to come action but most of those announcements will come likely in march. >> the new government has made several nods towards urbanization, so we've seen material stocks go higher. investors like to think of china in the growth sector. is that where you see some of the best opportunities at this point? >> we do see a lot of those sectors did run up after the urbanization push and all of...
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Jan 19, 2013
01/13
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FBC
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lou: the obama economy in tonight's "chalk talk" we take a look at the obama economic failure. anti-gun advocate started as seven democrat, and day distort his campaign ad. he supports the second amendment steven haze of the weekly standard, a former bush special assistant to next. ♪ overmany discounts to thine customs! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. moreiscounts than we knoweth what to do with. now that's progressive. ♪ lou: vice-president biden called his meeting with the national rifle association last week productive, but they have -- they don't see it that way. representative jefbaker says he was only given five minutes to present the nra concerns. baker says that when he mentioned the need to fully enforce existing gun laws the vice-president said this,
lou: the obama economy in tonight's "chalk talk" we take a look at the obama economic failure. anti-gun advocate started as seven democrat, and day distort his campaign ad. he supports the second amendment steven haze of the weekly standard, a former bush special assistant to next. ♪ overmany discounts to thine customs! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth...
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Jan 17, 2013
01/13
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we're competing in a global economy, and i want to do the best that i can for our citizens. neil: governor, if you get rid of the exemptions and everything else and the sales tax side, you are not rising the sales tax? the rate, itself, stays the same? >> that's right. the rate stays the same. over the years, we've granted more exemptions than we collect in sales taxes, and that's unfortunate. there were reasons we may have done that over the years, but it no longer makes sense. we need a tax code that's simpler, fairer, and modern, and leaders in the state want simplicity and fairness. they are tired of having their wyers and accountants mind the tax code for exemptions rather than the marketplace. they want to be able to compete, and i want to create a better environment for them, nd that helps our citizens. neil: neil, i'm for an efficient tax system, but i recognize we need taxes obviously, and i'm just wondering whether it borders on irresponsible when there's so many republicans, yourself including, bobby in louisiana, and governor bob mcdonald and getting rid of the g
we're competing in a global economy, and i want to do the best that i can for our citizens. neil: governor, if you get rid of the exemptions and everything else and the sales tax side, you are not rising the sales tax? the rate, itself, stays the same? >> that's right. the rate stays the same. over the years, we've granted more exemptions than we collect in sales taxes, and that's unfortunate. there were reasons we may have done that over the years, but it no longer makes sense. we need a...
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Jan 19, 2013
01/13
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FOXNEWS
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economy. this could be our last warning. lou dobbs will analyze. >> this is the president, i think, who has drunk the kool-aid. he is feeling right now high on his own power. is that true? is president obama becoming so rigid that he is unable to governor? carl rove has some thoughts. >> did you feel about bad about it? >> no. even scarier. >> did you feel in any way that you were cheating? >> no. >> lance armstrong pretty much admitting he is a sociopath. is he really sorry for his doping and lying? gutfeld and mcguirk on that. >> bill: caution, you are to enter the no spin zone. the from south florida. the factor begins right now. >> hi, i'm bill o'reilly reporting tonight from south florida. thanks for watching us. are we the people responsible for the chaos that is involving enveloping america? folks are responsible for the government they get. folks could have thrown hitler out they did not. russian ares fought hard for stalin. the chinese surrendered to move. the cubans allowed fidel castro to take away their liberty.
economy. this could be our last warning. lou dobbs will analyze. >> this is the president, i think, who has drunk the kool-aid. he is feeling right now high on his own power. is that true? is president obama becoming so rigid that he is unable to governor? carl rove has some thoughts. >> did you feel about bad about it? >> no. even scarier. >> did you feel in any way that you were cheating? >> no. >> lance armstrong pretty much admitting he is a sociopath. is...
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Jan 17, 2013
01/13
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as europe economy improves and chinese economy improves the countries in northern europe improve as well. lori: i know you like the homebuilders as well. i imagine this is becoming a crowding trade. we're characterizing the home building and home industry in country improving slow but steady. >> i would suggest it is not a crowded trade for the very reason inventory of unsold homes increased by 33%. just close to five months. there is more room for the real estate recovery to improve. both domestically and internationally. consider home builders. consider reits. consider international reits. lori: kevin, thanks for joining us again. great to see you. >> my pleasure. melissa: oil stocks remain calm as the situation at the algerian plant heats up. we have the latest developments. lou dobbs is here to weigh in. lori: talking with kevin about this a few moments ago. look at pump in interest rates. 10-year yielding six basis points. equities and stock markets are on a tear. we're back after this. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split
as europe economy improves and chinese economy improves the countries in northern europe improve as well. lori: i know you like the homebuilders as well. i imagine this is becoming a crowding trade. we're characterizing the home building and home industry in country improving slow but steady. >> i would suggest it is not a crowded trade for the very reason inventory of unsold homes increased by 33%. just close to five months. there is more room for the real estate recovery to improve....
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Jan 21, 2013
01/13
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FBC
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lou: the obama economy in tonight's "chalk talk" we take a look at the obama economic failure. anti-gun advocate started as seven democrat, and day distort his campaign ad. he supports the second amendment steven haze of the weekly standard, a former bush special assistant to next. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-miion artifac
lou: the obama economy in tonight's "chalk talk" we take a look at the obama economic failure. anti-gun advocate started as seven democrat, and day distort his campaign ad. he supports the second amendment steven haze of the weekly standard, a former bush special assistant to next. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to...
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Jan 17, 2013
01/13
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KNTV
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in a statement released to nbc bay area, the hospital says it was hit hard by the economy. it says it eliminated unfilled positions and offered voluntary retirements and resignations before laying off 200 employees. some are questioning whether the cuts are legal because they were reportedly discussed behind closed doors. washington hospital gets funds from property taxes so it must follow the same public meeting laws as a city council. >>> it's 4:52 right now. if you like buzzer beaters, you're going to like this. laura garcia-cannon will like it too. we'll show you how st. mary's dead it. >>> and rumors that tiger woods may be reconciling with his ex-wife. >>> a wide view of the south bay but i'll show you the east bay coming up. >>> rumors swirling that tiger woods is trying to get back with his ex-wife. a prenup deal is worth more than half of his $600 million fortune. >> unbelievable. >> reportedly elin will consider this proposal if it includes a $350 million anti-cheating clause. how about that? the couple divorced in 2010 after tiger revealed he was a serial cheater
in a statement released to nbc bay area, the hospital says it was hit hard by the economy. it says it eliminated unfilled positions and offered voluntary retirements and resignations before laying off 200 employees. some are questioning whether the cuts are legal because they were reportedly discussed behind closed doors. washington hospital gets funds from property taxes so it must follow the same public meeting laws as a city council. >>> it's 4:52 right now. if you like buzzer...
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Jan 16, 2013
01/13
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CNBC
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. >>> we are moments away from the fed's latest read on the economy. here is how the markets are doing. right now the dow lost its strength, down 23 point on the trading session. s&p is dead in the water all hour and nasdaq is actually up about 10 points on the trading session, ty? >> sue w, watch this story in algeria. that does it for "power lunch." thanks for joining us today. >> and "street signs" begins now with breaking news on the fed and economy. >> that's right, sue and tyler. we have boeing in crisis. we have housing on the mend and five-star stock picks. we've also got the very latest on a scary story in algeria where militants say they have taken 41 people hostage, include something americans, at a bp oil field. well get to that in a moment but let us get to breaking news for the fed and how they are performing and get to steve liesman. steve? >> the federal reserve district says economic growth is modest to moderate in all 12 districts. that's how we normally lead but that's not the most important. what is important is the talk about how f
. >>> we are moments away from the fed's latest read on the economy. here is how the markets are doing. right now the dow lost its strength, down 23 point on the trading session. s&p is dead in the water all hour and nasdaq is actually up about 10 points on the trading session, ty? >> sue w, watch this story in algeria. that does it for "power lunch." thanks for joining us today. >> and "street signs" begins now with breaking news on the fed and...
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Jan 17, 2013
01/13
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LINKTV
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some have speculated germany could spend the gold to kickstart the european economy, but the government has strongly ruled out that idea. al jazeera, berlin. >> thailand's navy has increased patrols to try to stem the flow of refugees from myanmar. more of them are entering thailand legally to try to escape harsh conditions and ethnic violence. this report from southern thailand. >> tired and confused, they arrived on foreign soil. 88 refugees spending more than 10 days at sea after leaving western myanmar. they said they had no choice but to leave. >> the soldiers would take women and daughters and rape them and then turned them back the next day. we had no freedom. we could not go anywhere. we had to make our own future. >> myanmar is predominantly buddhist, and the muslim minority are largely seen as illegal immigrants from neighboring bangladesh. after fighting between bouterse and muslims last year, more than 100,000 left homeless. this was all happening at a sensitive time for thailand. it has been ranked as a tier 2 nation on the watch list for human trafficking. if it is ranked
some have speculated germany could spend the gold to kickstart the european economy, but the government has strongly ruled out that idea. al jazeera, berlin. >> thailand's navy has increased patrols to try to stem the flow of refugees from myanmar. more of them are entering thailand legally to try to escape harsh conditions and ethnic violence. this report from southern thailand. >> tired and confused, they arrived on foreign soil. 88 refugees spending more than 10 days at sea after...
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Jan 16, 2013
01/13
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CNBC
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what do you think that tells us on where we are in the economy? >> look at numbers of the last week or two, retail production numbers for december, and they were actually pretty good. of course, the employment numbers we already know were soiled, and this is in a period where the uncertainty over the fiscal cliff was reaching a maximum. you know, maria, you think that's pretty encouraging that the economy has managed to cope with a high level of uncertainty. now the thing that kind of bothers me though is i'm a little bit worried that this coping is flipping over to complacency. the vix is now at a six-year low, and it tells me that the market is discounting 100% probability that we get through the debt ceiling without any trouble. that seems too high to me. >> so do you think the market is expecting that? i mean, when would you expect a big change in terms of the interest rate scenario? >> in terms of the interest rate scenario, probably nothing this year. i mean, we're at least a couple years away from a higher move -- a move higher in interest
what do you think that tells us on where we are in the economy? >> look at numbers of the last week or two, retail production numbers for december, and they were actually pretty good. of course, the employment numbers we already know were soiled, and this is in a period where the uncertainty over the fiscal cliff was reaching a maximum. you know, maria, you think that's pretty encouraging that the economy has managed to cope with a high level of uncertainty. now the thing that kind of...
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Jan 17, 2013
01/13
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CNBC
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how will it affect the economy? we will hear from the man managing your money. also, ebay tells us how the company is cashing in on the red-hot transit after the company turns in their best earnings report ever. >>> and last but not least a rare and explosive interview with wells fargo chairman and ceo telling us us about another mortgage decline. we will see you in the last hour of the trading day. mandy, see you then. >> indeed we will. >>> looking like a tough quarter. john has three important numbers in this report. what are those three? >> with $13.6 mill billion, plus or minus a half billion. and so here are my three numberes. one, pc client group revenues. intel had 8.6 million in revenue. that group overall, expecting to be a little higher in q4 and that has to come from pcs or servers. pc sales are down 4.9% from last year. if that's right, you got to hope servers deliver big for intel. two full year gross margin guidance, with capex spending and particularly important now because of how demand shifts in the pc market. his intel plans running below capa
how will it affect the economy? we will hear from the man managing your money. also, ebay tells us how the company is cashing in on the red-hot transit after the company turns in their best earnings report ever. >>> and last but not least a rare and explosive interview with wells fargo chairman and ceo telling us us about another mortgage decline. we will see you in the last hour of the trading day. mandy, see you then. >> indeed we will. >>> looking like a tough...
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Jan 17, 2013
01/13
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CNBC
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there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown 300 billion in core deposits in four years. you know, consumer balance sheets. even though the debt hasn't come down that much because interest rates are so low, the interest carries. the debt service is back to 1998 or 1990 so there's great capacity to invest, to hire, to grow, to buy things, but this uncertainty thing puts a real cloud on things otherwise people would do. they are putting them in abeyance. >> i'm going to get back to that. a real issue. want to get your take on solutions, but you mentioned interest rates and this low interest rate environment. you're putting your bet on growing net interest income.
there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown...
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Jan 17, 2013
01/13
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first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being conservative thanks to the affordable care act. aka obama care. once that goes into affect in 2014, companies that employ more than 50 full-time workers will need to provide employees with expensive health care coverage or pay $2,000 on to $3,000 penalty. businesses of all sizes are searching for ways to cope with the law, and the easiest way to avoid paying expenses is to hire more temps. see, to qualify for health care coverage under the affordable care act, they are more likely to hire temp employees. you will have try to have fewer than 50 full-time em
first to be hired when the economy comes back. and coming back is exactly what the economy is doing right now. just today we saw the jobless claims drop to the lowest level in five years. >> house ofre. >> full-time employment up 1.4% in 2012, the total number of temporary employees increased by 6.2%. that rapid growth is expected to continue in 2013. the street is looking for 5% growth in temporary employment this year. however, i think that number could ultimately end up being...
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Jan 17, 2013
01/13
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MSNBCW
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the economy's growing instead of contracting. in the first quarter of 2009, the gdp contracted and grew 3.1% when measured last. now, though it remains where it was before the great recession, consumer confidence has nearly doubled and a larger percentage of americans, 41% according to our last poll, believe the country's heading in the right direction, up 26% in january 2009. on the other hand, there's other data to support the idea that the country is not much better off and that the struggling economy is taking a toll on families. median household income, lower than it was in 2009. 46% millions live below the poverty line. more than four years ago. the federal public debt has increased from $10.6 trillion in january 2009 to $16.4 trillion now. there's the big number same as four years ago. the unemployment rate of 7.8%, though it's down from a high of 10% in october 2009. other figures of the last four years. number of u.s. troops in iraq, dropped from nearly 140,000 to 200. as the president fulfilled the promise to end that w
the economy's growing instead of contracting. in the first quarter of 2009, the gdp contracted and grew 3.1% when measured last. now, though it remains where it was before the great recession, consumer confidence has nearly doubled and a larger percentage of americans, 41% according to our last poll, believe the country's heading in the right direction, up 26% in january 2009. on the other hand, there's other data to support the idea that the country is not much better off and that the...
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Jan 17, 2013
01/13
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KGO
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. just begin with america's favorite soups. bring out chicken broccoli alfredo. or best-ever meatloaf. go to campbellskitchen.com for recipes, plus a valuable coupon. campbell's. it's amazing what soup can do. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, s
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. we've decided to we're all having such a great year in the gulf, put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing...
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Jan 17, 2013
01/13
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it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit. everybody likes to see the whole shebang. >> i like the outfits. >>> lance armstrong revealing all on oprah, including he is manti te'o's girlfriend. how much of a hit will the armstrong brand take? stay with us. lance. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadillac ats. omnipotent of opportunity. you know how to mix business... with business. and you...re
it will be especially good for the economy. >> good to see you, mr. tisch. thank you. >>> we're going to go to bert that coombs for a market flash. take it away. >> thanks, tyler. the teen retailer, bmo is out with a flash note saying it looks like the company is finally getting serious to turn things around. they want to focus on the expertise of some of the new management and also to try to capture that teenage mind not with key items, tyler, but the whole outfit....
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Jan 17, 2013
01/13
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KICU
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and the fed said in its beige book, the economy expanded across much of the country last month, but hiring was hampered by politcial uncertainty coming from washington. todd horwitz of the adam mesh trading group joins us on this thursday morning. good morning to you. a lot of traders are talking 1475 in the s&p 500. what is it going to take to get there? > > good morning. you know, we're close. right now the markets are in a tug of war between the bears and the bulls. they are trying to get to that level. yesterday morning we had big boxcar earnings from j.p. morgan and goldman sachs. that was not enough to propel the markets through those levels. i think the market anticipated a lot of this good news ahead of time. so i think we are going to languish around here. you can see by the falling volatility and the complacent markets that we are probably a little ways away from pushing through that level. > what about citigroup and bank of america, which are now going to report in? > > i think those earnings will probably be just like j.p. morgan and goldman sachs. i think they will probably be
and the fed said in its beige book, the economy expanded across much of the country last month, but hiring was hampered by politcial uncertainty coming from washington. todd horwitz of the adam mesh trading group joins us on this thursday morning. good morning to you. a lot of traders are talking 1475 in the s&p 500. what is it going to take to get there? > > good morning. you know, we're close. right now the markets are in a tug of war between the bears and the bulls. they are trying...
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Jan 20, 2013
01/13
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FOXNEWSW
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when he started, as we all know, the economy was in the ditch. he was able to successfully get us out of that at the point where last week the u.s. stocks closed at their highest level in five years and was able to pass historic health care legislation. by contrast, republicans have their ratings in the toilet. what that means is that there's probably -- it's going to bode well for their ability to compromise with him and for the president to get a second term agenda passed. >> chris, i suppose you see it somewhat differently. >> she addressed political positioning and i think that's what the second term will be about, political positioning rather than solving problems. i don't know that many middle class americans and those who lose their jobs and taxes going up would agree the economy is back on track. the obama first term was what you expect from a first term, one big policy battle and another battle to make sure he achieved a second term. what we saw since the 2010 elections when the democrats took a beating has crated the current environment
when he started, as we all know, the economy was in the ditch. he was able to successfully get us out of that at the point where last week the u.s. stocks closed at their highest level in five years and was able to pass historic health care legislation. by contrast, republicans have their ratings in the toilet. what that means is that there's probably -- it's going to bode well for their ability to compromise with him and for the president to get a second term agenda passed. >> chris, i...
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Jan 21, 2013
01/13
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CNN
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the issue -- my analogy is to the economy for president obama. if this economy doesn't come roaring back, he's going to have second term problems. >> but what i remember about president bush was that he started to do social security reform, and that turned out to be a huge problem for him before he did immigration, and i think i read actually in his book, correct me if i'm wrong, that he wished that it had been reversed, that he had done immigration -- so the order in which you do things? >> gloria, that's really impressive, if you can remember that level of detail from his book. >> hello. >> i colored in a few pages. >> but i also covered that, so i actually remember that, but -- >> i wouldn't have colored in the pages on your boss' book, they're too colorful. >> but you just made an important point. he couldn't find the center on a big issue. gloria, you know, we have polarized politics in bill clinton's time, much of it because of the personal stuff, but not all of it. polarized politics in president bush's time. polarized politics in the firs
the issue -- my analogy is to the economy for president obama. if this economy doesn't come roaring back, he's going to have second term problems. >> but what i remember about president bush was that he started to do social security reform, and that turned out to be a huge problem for him before he did immigration, and i think i read actually in his book, correct me if i'm wrong, that he wished that it had been reversed, that he had done immigration -- so the order in which you do things?...
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Jan 23, 2013
01/13
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. >> the talk about the fed destroying the dollar and destroying the economy, people are still buying bonds. i know a lot of that is the fed. i get that. corporate bonds, a lot of demand there. we show viewers what u.s. stocks have been doing. what makes u.s. assets, housing, bonds, stocks, whatever, so attractive globally right now? >> well, i think it is just the need for income. investors are facing a world with where the fed is taking out a lot of the net issuance. and so as a consequence, investors that need stable high income are looking for had credit market. we see less value in the credit markets today. however we still see good value and he mention good housing. >> i'm going to follow up with another question like i did with housing. and how exactly do you invest in the energy market here in the united states? do you go forward, for example, as opposed to the commodity side, do you go for pipe lines, that kind of thing? >> yeah. great question, mandy. you don't want to take as much commodity risk. that why we do like pipe lines. the sector we like the best right now is calle
. >> the talk about the fed destroying the dollar and destroying the economy, people are still buying bonds. i know a lot of that is the fed. i get that. corporate bonds, a lot of demand there. we show viewers what u.s. stocks have been doing. what makes u.s. assets, housing, bonds, stocks, whatever, so attractive globally right now? >> well, i think it is just the need for income. investors are facing a world with where the fed is taking out a lot of the net issuance. and so as a...
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Jan 18, 2013
01/13
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CNBC
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they have a plan now to reflight the economy. they are printing a lot of money. 2% is the inflation rate they want. why is that not going to help the japanese economy. many people think it will. >> i think if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years down the road. now they talk about targeting 2% inflation. they don't realize it will force them to explode sooner. >> your criticism is well known, even to japanese ministers of finance, i would argue. >> first of all, when you think about a crisis, 99.9% of the people get it wrong. when you think about 20 years of the procycal cality, the owner ship of bonds of japan is the institutional community. they buy the bonds because they have 28 basis points of yield on the five-year and 70 on the ten. the only way you invest on a bond like that is if th
they have a plan now to reflight the economy. they are printing a lot of money. 2% is the inflation rate they want. why is that not going to help the japanese economy. many people think it will. >> i think if you study the situation deeply, you see that japanese debt is about 24 times central government tax revenues. when you get into that, when you sail into that zone of insolvency, nothing you can do can help, in my opinion. they would have imploded under their own weight a few years...
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Jan 17, 2013
01/13
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the fact is they do negotiate higher time, their workers but that comes with a cost to the whole economy, making it less dynamic, less easy for businesses to hire more workers and at a time when we have 8% unemployment, that's not something that a lot of businesses can afford. >> now, a lot of those same union leaders say, you get what you pay for, and there are offering cut raitt salaries to workers who might appreciate the jobs, but in the end, aren't going to be very happy in those jobs. what do you think? >> i think overall people are gibbing to see that unions are out to help union worker but very often at the expense of nonunion works and that's where we're getting in trouble. the american public at large is overwhelmingly moving sort of -- public support is moving against unions, gallup found that 42% would like to see unions be less influential. they feel at if there are negotiations going on for union workers but they come at a cost for all workers, creating less opportunity for all workers and for the economy at large. what is the message. you say lab you wins every time. union
the fact is they do negotiate higher time, their workers but that comes with a cost to the whole economy, making it less dynamic, less easy for businesses to hire more workers and at a time when we have 8% unemployment, that's not something that a lot of businesses can afford. >> now, a lot of those same union leaders say, you get what you pay for, and there are offering cut raitt salaries to workers who might appreciate the jobs, but in the end, aren't going to be very happy in those...
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Jan 17, 2013
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KGO
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last year and stock prices fell today when the world bank warned washington debt battle could put the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the movies and stage a cording to his daughter he died at home in livermore. conrad bain >>> a coalition of consumer groups is asking the federal government to take a look at the lending practices of san francisco based wells fargo bank. >> that is right. they're concerned about a program they claim is like a pay day loan product. >> michael finney is here now with a story of a woman comparing her experience to a debt trap. >> yes this, wells fargo prefers to call the program a direct deposit advance, charging 1 path $50 for every $20 borrowed. your loan must be paid in full when the next check arrives. the fee on the loan i
last year and stock prices fell today when the world bank warned washington debt battle could put the economy at rigs being. boeing fell 2% in after hours trading after faa grounded dream liners. and apple stock went up 4%. >> a veteran actor spent golden years here in the bay area has died. he was best known for the role in "diff'rent strokes", playing a wealthy white widower raising two sons of his african american housekeeper. a native of canada he had a long career in the...
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Jan 18, 2013
01/13
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CNBC
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president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing 12%, double where we were not that long ago. while analysts were determined to tell you the housing is about to go tepid. numbers don't fit into the scenario, not a negative one and that's the story of the market right now the bullish facts are getting in the way of the bearish story. now, i will tell you on any given day, we're capable of a serious swoon and we are due for one. holy cow. maybe dow and intel not so hot tonight can cause one -- sell, sell, sell! this feels like a moment like the mid-1980s where the bulls are in control, ala boeing
president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling, and decimated, laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jel sandwiches, pbjs, rather than dining at three-star restaurants. pass the skippy, keep the foie gras. we find out we had the highest housing starts since the boom, climbing...
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Jan 21, 2013
01/13
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FOXNEWS
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road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of the vitality healthyfood program... and one more way humana medicare can help you choose what's good for your health and your wallet. so you can spend a little less money... and spend a little more time sharing what you know with the people who matter most. humana. ♪ i have to know the weather patterns. i upgraded to the new sprint direct connect. so i can get three times the coverage. [ manager 2 ] it's like working in a giant sandbox. with all these huge toys. and with the fastest push-to-talk... i can keep track of them all. [ male announcer ] upgrade to the new "done" with access to the fastest push-to-talk and three times the cove
road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of the vitality healthyfood program... and one more way...
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Jan 20, 2013
01/13
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road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. that your mouth is under attack, from food particles and bacteria. try fixodent. it helps create a food seal defense for a clean mouth and kills bacteria for fresh breath. ♪ fixodent, and forget it. >> jodi arias is accused of shooting, stabbing, and slitting the throat of her exboyfriend. prosecutors are seeking death, but whether it's stoning, dismemberment, burning or lethal injection, capital punishment has always been controversial. so what should the sentence be for taking another's life? four modern da
road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients...
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Jan 17, 2013
01/13
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KGO
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. >>> turning, now, to the economy, a milestone in the housing recoveries. new figures show home foreclosures dropping 17% to a six-year low last month. and construction of new homes hit a nearly five-year high. >>> people with egg allergies will soon be able to get a flu shot. the fda has approved an egg-free vaccine that will be available soon, but only for people 18 to 49 years old. a new study confirms the regular flu shot is indeed safe for pregnant women and their unborn children. >>> and a remarkable story, now, from that helicopter crash in central london just yesterday. the helicopter clipped a construction crane, burst into flames, killing two people, injuring more than a dozen in the process. but the two crane workers survived. why? because they both overslept for the first time in years and were late getting to work. >>> and finally, something of a controversy at subway. a growing movement, now, online has people getting out their measuring tapes showing that the sandwich chain's famous foot-long sub actually falls one inch short. >> oh, no. >> 1
. >>> turning, now, to the economy, a milestone in the housing recoveries. new figures show home foreclosures dropping 17% to a six-year low last month. and construction of new homes hit a nearly five-year high. >>> people with egg allergies will soon be able to get a flu shot. the fda has approved an egg-free vaccine that will be available soon, but only for people 18 to 49 years old. a new study confirms the regular flu shot is indeed safe for pregnant women and their unborn...
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Jan 17, 2013
01/13
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FBC
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economy led to an early slide for gold. swung back late in the session and hit a one-month high settles at 1690.80 an ounce. >>> our top story is the frightening situation in algeria where a botched attempt to free hostages from bp's natural gas complex turned deadly. al algerian source tells reuters 30 hostages were killed. seven foreigners, two japanese, one britain, a french national. seven americans are missing. the white house is saying some are not accounted for. fox news learned two americans are on their way to london. bp is pulling nonessential personnel out of algeria. details here still very fluid. there is a lot of conflicting reports out there. here to help us sort it out, john bolton, former ambassador to the united nations. he is also a fox news contributor. i want to start out, can you put this in perspective for us. how big of a deal is it to the u.s.? >> i think we should consider it very significant. even though it is in algeria a long way away. when you combine it with the hostilities in mali, the fact t
economy led to an early slide for gold. swung back late in the session and hit a one-month high settles at 1690.80 an ounce. >>> our top story is the frightening situation in algeria where a botched attempt to free hostages from bp's natural gas complex turned deadly. al algerian source tells reuters 30 hostages were killed. seven foreigners, two japanese, one britain, a french national. seven americans are missing. the white house is saying some are not accounted for. fox news learned...